Interpublic Group price target raised to $22 from $20 at Argus Argus increased its price target on Interpublic Group (IPG) after the company reported stronger than expected Q1 results. The firm expects the company to benefit from the failed merger between Omnicom (OMC) and Publicis (PUBGY) and keeps a Buy rating on Interpublic shares.
Publicis extends tender offer to acquire Sapient Publicis Groupe S.A. (PUBGY) announced that it has extended its previously announced tender offer to purchase all of the outstanding shares of common stock of Sapient (SAPE) for $25.00 per share in cash. The Offer will now expire at the end of the day, immediately after 11:59 p.m., New York City time, on December 23, unless it is further extended. All other terms and conditions of the Offer remain unchanged.